Torch Wealth Management Lowers stake in Humana Inc (HUM)

Humana Inc (HUM) : Torch Wealth Management reduced its stake in Humana Inc by 0.15% during the most recent quarter end. The investment management company now holds a total of 10,273 shares of Humana Inc which is valued at $1,741,068 after selling 15 shares in Humana Inc , the firm said in a disclosure report filed with the SEC on Oct 13, 2016.Humana Inc makes up approximately 1.28% of Torch Wealth Management’s portfolio.

Other Hedge Funds, Including , Msi Financial Services Inc reduced its stake in HUM by selling 50 shares or 11.44% in the most recent quarter. The Hedge Fund company now holds 387 shares of HUM which is valued at $65,589.Daiwa Sb Investments Ltd. boosted its stake in HUM in the latest quarter, The investment management firm added 10 additional shares and now holds a total of 730 shares of Humana Inc which is valued at $129,597. Humana Inc makes up approx 0.03% of Daiwa Sb Investments Ltd.’s portfolio.Nisa Investment Advisors reduced its stake in HUM by selling 900 shares or 2.3% in the most recent quarter. The Hedge Fund company now holds 38,279 shares of HUM which is valued at $6,795,671. Humana Inc makes up approx 0.09% of Nisa Investment Advisors’s portfolio.Washington Trust Bank boosted its stake in HUM in the latest quarter, The investment management firm added 17 additional shares and now holds a total of 317 shares of Humana Inc which is valued at $56,363. Humana Inc makes up approx 0.01% of Washington Trust Bank’s portfolio.

Humana Inc closed down -0.69 points or -0.39% at $177.53 with 16,18,709 shares getting traded on Tuesday. Post opening the session at $178.16, the shares hit an intraday low of $176.63 and an intraday high of $178.75 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Humana Inc reported $2.30 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $2.28. The company had revenue of $14010.00 million for the quarter, compared to analysts expectations of $13593.82 million. The company’s revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.67 EPS.

Many Wall Street Analysts have commented on Humana Inc. Shares were Reiterated by RBC Capital Mkts on Oct 13, 2016 to “Sector Perform” and Lowered the Price Target to $ 217 from a previous price target of $222 .Shares were Reiterated by FBR Capital on Jul 22, 2016 to “Mkt Perform” and Lowered the Price Target to $ 170 from a previous price target of $220 .Company shares were Reiterated by RBC Capital Mkts on Jul 22, 2016 to “Outperform”, Firm has raised the Price Target to $ 224 from a previous price target of $220 .

Humana Inc. (Humana) is a health and well-being company. The Company operates in three segments: Retail Employer Group and Healthcare Services. The Company’s medical and specialty insurance products allow members to access health care services through its network of health care providers. Its Retail Segment consists of products sold on a retail basis to individuals including medical and supplemental benefit plans. Its Employer Group segment consists of products sold to employer groups including medical and supplemental benefit plans as well as health and wellness products. Its Healthcare Services segment consists of businesses which offers services including pharmacy solutions provider services home-based services integrated behavioral health services and predictive modeling and informatics services to other Humana businesses as well as external health plan members external health plans and other employers or individuals.

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